6246-S AMS ROLF NOAH 111

SSB 6246 - S AMD 685

By Senator Rolfes

NOT ADOPTED 02/26/2016

    On page 262, after line 10, insert the following:

"NEW SECTION. Sec. 719.  A new section is added to 2015 3rd sp.s. c 4 (uncodified) to read as follows:

FOR THE OFFICE OF FINANCIAL MANAGEMENT-LOCAL EFFORT ASSISTANCE TRANSITION

General Fund—State Appropriation (FY 2016)............ $90,557,000

The appropriation in this section is subject to the following conditions and limitations:

The appropriation in this section is provided solely for expenditure into the local effort assistance transition account. This appropriation reflects the estimated local effort assistance state costs associated with the extension of the levy lid limitations during the 2017-2019 fiscal biennium as the state transitions to full funding of its statutory program of basic education."

    On page 325, after line 8, insert the following:

"NEW SECTION. Sec. 949.  A new section is added to chapter 43.79 RCW to read as follows:

The local effort assistance transition account is created in the state treasury. Expenditures from the account may be made only for the costs associated with the extension of the levy lid limitations of the local effort assistance program during the 2017-2019 fiscal biennium as the state transitions to full funding of its statutory program of basic education. Moneys in the account maybe spent only pursuant to appropriation."

Renumber the remaining sections consecutively and correct any internal references accordingly.

EFFECT:

1. Creates the Local Effort Assistance Transition Account.

2. Transfers General Fund-State funds into the newly created account to be spent solely for the K-12 levy equalization costs associated with the extension of the levy lid limitations in the 2017-19 biennium.

FISCAL IMPACT: $90.6 million GF-S FY 2016

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